{"id":111528,"date":"2024-10-07T20:16:04","date_gmt":"2024-10-07T13:16:04","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=111528"},"modified":"2024-10-07T20:16:04","modified_gmt":"2024-10-07T13:16:04","slug":"trumps-plans-could-increase-u-s-debt-while-raising-costs-for-most-americans","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=111528","title":{"rendered":"Trump\u2019s Plans Could Increase U.S. Debt While Raising Costs for Most Americans"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Former President Donald J. Trump\u2019s economic proposals could inflame the nation\u2019s debt burden while ultimately raising costs for a vast majority of Americans, according to a pair of new economic analyses that are among the most in-depth studies to date of the Republican nominee\u2019s plans.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The Committee for a Responsible Federal Budget, a nonpartisan group that seeks lower deficits, found that Mr. Trump\u2019s various plans could add as much as $15 trillion to the nation\u2019s debt over a decade. That is nearly twice as much as the economic plans being proposed by Vice President Kamala Harris.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">And an analysis from the Institute on Taxation and Economic Policy, a liberal think tank, found that Mr. Trump\u2019s tax and tariff plans would, on average, amount to a tax increase for every income group except the top 5 percent of highest-earning Americans.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The two new studies differ in some respects. The budget group looked at the cost of both candidates\u2019 tax and spending plans over 10 years, while the tax institute focused on what the impacts of Mr. Trump\u2019s tax and tariff plans would be in 2026. But together they show that Mr. Trump\u2019s agenda could be both costly and regressive by placing a greater burden on those making the least amount of money.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Over the course of his campaign, Mr. Trump has floated a flurry of potentially far-reaching policies, including <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/08\/07\/business\/economy\/trump-tax-cuts.html\" title=\"\">exempting certain forms of pay from taxes<\/a> and <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/09\/10\/us\/politics\/trump-enthusiasm-tariffs.html\" title=\"\">levying broad tariffs<\/a> on nearly all imports to the United States. He also wants to extend elements of the tax law he enacted in 2017 that are set to expire after next year.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cIt\u2019s almost difficult to come up with a tax plan that would raise taxes on most Americans, but still increase the deficit by hundreds of billions of dollars a year \u2014 and that\u2019s what this does,\u201d Steve Wamhoff, the federal policy director at I.T.E.P., said.<\/p>\n<div class=\"css-1336jj\">\n<div class=\"css-121kum4\">\n<div class=\"css-asuuk5\"><noscript><\/p>\n<div class=\"css-7axq9l\" data-testid=\"optimistic-truncator-noscript\"><svg width=\"24\" height=\"24\" viewbox=\"0 0 24 24\" aria-hidden=\"true\" class=\"css-1b5b8u1\"><path fill=\"currentColor\" fill-rule=\"evenodd\" d=\"M2.5 12a9.5 9.5 0 1 1 19 0 9.5 9.5 0 0 1-19 0Zm8.5 1.75v-7.5h2v7.5h-2Zm0 2v2h2v-2h-2Z\" clip-rule=\"evenodd\"\/><\/svg><\/p>\n<div data-testid=\"optimistic-truncator-noscript-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\">We are having trouble retrieving the article content.<\/p>\n<p class=\"css-3kpklk\">Please enable JavaScript in your browser settings.<\/p>\n<\/div>\n<\/div>\n<p><\/noscript><\/p>\n<div class=\"css-1dv1kvn\" id=\"optimistic-truncator-a11y\" tabindex=\"-1\">\n<hr\/>\n<p>Thank you for your patience while we verify access. 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Trump\u2019s economic proposals could inflame the nation\u2019s debt burden while ultimately raising costs for a vast majority of Americans, according to a pair of new economic &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=111528\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8629],"tags":[],"class_list":["post-111528","post","type-post","status-publish","format-standard","hentry","category-u-s","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/111528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111528"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/111528\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}